Earnings report to show finances of NGL in February

NGL Energy Partners signs agreements for Water Transport and Disposal in  Delaware Basin

 

Tulsa’s NGL Energy Partners LP plans to release its fiscal third quarter earnings report in early February.

The midstream energy firm plans to release the report after the close of markets on Thursday, Feb. 9, 2023. Members of NGL’s management team will then hold an earnings call at 4:30 p.m. central time to discuss the financial results.

NGL’s second quarter results released last November showed net income of $3.6 million compared to a net loss of $1.2 million for the second quarter of Fiscal 2022. The company’s net income for the first six months of Fiscal 2023 was $26.7 million, better than the $135.7 million net loss in the previous year.

Adjusted EBITDA for the second quarter of Fiscal 2023 was $142.2 million, down from the $146.3 million for the second quarter of Fiscal 2022.